Tax share withholdings for Fulgent Genetics (NASDAQ: FLGT) COO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fulgent Genetics President and COO Jian Xie reported several tax-related share withholdings of company common stock. On February 26, 2026, 1,140 shares were disposed of at $24.7600 per share to cover tax obligations from vesting restricted stock units. On March 1, 2026, additional tax-withholding dispositions of 1,079 and 8,147 shares occurred at $15.3300 per share. After these transactions, his direct holdings were reported as 375,313 shares of common stock. Separately, 220,816 shares are held indirectly by The Hsieh Family Dynasty Trust, for which Mr. Xie serves on the investment committee and disclaims beneficial interest except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Xie Jian
Role
President and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,079 | $15.33 | $17K |
| Tax Withholding | Common Stock | 8,147 | $15.33 | $125K |
| Tax Withholding | Common Stock | 1,140 | $24.76 | $28K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 383,460 shares (Direct);
Common Stock — 220,816 shares (Indirect, By Trust)
Footnotes (1)
- The shares were withheld from the reporting person to satisfy the tax withholding obligations that arose upon the vesting of certain restricted stock units granted to the reporting person on February 26, 2024, which grant was originally reported on Form 4 filed with the U.S. Securities and Exchange Commission on February 28, 2024. The shares were withheld from the reporting person to satisfy the tax withholding obligations that arose upon the vesting of certain restricted stock units granted to the reporting person on February 28, 2022, which grant was originally reported on Form 4 filed with the U.S. Securities and Exchange Commission on March 2, 2022. The shares were withheld from the reporting person to satisfy the tax withholding obligations that arose upon the vesting of certain restricted stock units granted to the reporting person on February 25, 2025, which grant was originally reported on Form 4 filed with the U.S. Securities and Exchange Commission on February 27, 2025. Securities held by The Hsieh Family Dynasty Trust, dated January 27, 2010 (the "Trust"). Mr. Xie serves on the investment committee of the Trust. Mr. Xie disclaims any beneficial interest except with respect to any pecuniary interest therein.
FAQ
What insider transactions did Fulgent Genetics (FLGT) President and COO Jian Xie report?
Jian Xie reported tax-withholding dispositions of Fulgent Genetics common stock, not open-market trades. Shares were withheld to cover tax obligations arising from vested restricted stock units, with multiple small blocks disposed at prices of $24.7600 and $15.3300 per share.
Were Jian Xie’s Fulgent Genetics (FLGT) Form 4 transactions open-market sales?
No, the Form 4 shows tax-withholding dispositions, not open-market sales. Shares were withheld by the company to satisfy tax liabilities when restricted stock units vested, as indicated by transaction code F and the accompanying tax-withholding footnotes.
What is the role of The Hsieh Family Dynasty Trust in Fulgent Genetics (FLGT) holdings?
The Form 4 shows 220,816 Fulgent Genetics shares held by The Hsieh Family Dynasty Trust. Jian Xie serves on the trust’s investment committee and disclaims beneficial ownership of these shares, except with respect to any pecuniary interest he may have.
What do the tax-withholding footnotes on Jian Xie’s Fulgent Genetics (FLGT) Form 4 explain?
The footnotes explain that shares were withheld to cover tax obligations from restricted stock units granted on specific past dates. Each disposition corresponds to vesting of earlier RSU awards that had been previously reported in earlier Form 4 filings.